Positive Record for Premium Tool Manufacturer

GEDORE continues to invest in the future

Remscheid, February 16th, 2022 – GEDORE is optimistic about 2022 and reports a successful 2021 financial year with double-digit growth. This extremely positive balance sheet underlines the success of targeted restructuring measures at the German locations. Linking economic interests with social responsibility has the highest priority and was included in all measures taken. Investments in modern and sustainable manufacturing methods and digital processes have already been initiated and will be continued in 2022.
Facade of the GEDORE headquarters in Remscheid with large logo
Investments in modern and sustainable manufacturing processes at the GEDORE Group's German locations will continue in 2022.

In order to manufacture high-quality tools competitively, GEDORE relies, among other things, on efficient and up-to-date plant and machinery. In this context, extensive investments were made in the Waldkirchen production site last year with the acquisition of a new forging line. GEDORE is also planning investments in the German locations for the current financial year, in order to further develop the infrastructure and digitalisation of processes, as well as the expansion of important areas of expertise.

Another aspect of strengthening domestic production is to bring different production units closer together in order to optimise processes. The planned relocation of the Solingen site, for example, favours the best possible use of the existing infrastructure at the GEDORE tool factory in Remscheid. By concentrating at one location, the logistical optimisation of production is promoted - on the one hand, this ensures lower CO2 emissions and, on the other, that the company remains competitive in the long term and a strong regional employer in the future. When merging the sites, therefore, an important focus is on integrating the 116 employees of the GEDORE tool factory in Solingen into the main plant as smoothly and as uncomplicatedly as possible. The foundation stone for the integration of the Solingen site into the main GEDORE Werkzeugfabrik site was already laid in 2021 and is due to be completed in the course of this year.

"Thanks to the many development measures that were initiated or already implemented in various areas last year,we are starting the year 2022 with great optimism and expectations. However, in addition to the measures initiated, we owe the success of the past year primarily to our employees and partners, who are helping to shape this future-oriented path with a great deal of commitment," summarises Rainer Bröcher, Managing Director of GEDORE Holding.

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